Europe Data Response German Ifo Survey (Dec.) & Euro-zone Trade (Oct.) December’s Ifo survey adds to the evidence that the German economy continues to expand at a rapid rate. For Germany at least, the problems in the periphery are for now being more than offset by the... 17th December 2010 · 1 min read
Europe Commercial Property Update Is there any value left in European commercial property markets? A comparison of prime commercial property yields to estimates of their fair value levels presents a mixed picture. While a few seem overvalued, and a few more fairly valued, many still look quite... 17th December 2010 · 1 min read
Europe Economics Update European Council meeting unlikely to mark a turning point This week’s European Council meeting provides policymakers with the chance to prove that they will do whatever is necessary to get the region’s public finances on a stable footing. But in reality... 16th December 2010 · 1 min read
Europe Data Response Euro-zone Flash PMIs & Final CPI (Dec.) December’s euro-zone PMI surveys suggested that the economic recovery in the region maintained reasonable momentum towards the end of 2010. 16th December 2010 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank signals more rate hikes to come The Swedish Riksbank responded to the recent strong economic data by raising interest rates today for the fourth time since July. But while further rate hikes are inevitable, we expect monetary policy... 15th December 2010 · 1 min read
Europe Economics Update Swedish Riksbank signals more rate hikes to come The Swedish Riksbank responded to the recent strong economic data by raising interest rates today for the fourth time since July. But while further rate hikes are inevitable, we expect monetary policy... 15th December 2010 · 1 min read
Europe Data Response German ZEW (Dec.), Euro-zone Industrial Production (Oct.) The rise in German ZEW economic sentiment in December and October’s increase in euro-zone industrial production confirm that the euro-zone recovery has not yet run out of steam. 14th December 2010 · 1 min read
Europe Commercial Property Update Why have industrial rental values in Rome been so badly hit? Their high starting point, a large development pipeline and a greater sensitivity to developments in the domestic economy all help to explain the relatively large falls in industrial rental values in... 14th December 2010 · 1 min read
Europe Economics Focus What can euro-zone policymakers do? Euro-zone policymakers face enormous challenges to avoid a near-term financial disaster, reduce governments’ debt burdens in the medium term and foster economic growth. Given the scale of these tasks... 13th December 2010 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Dec.) Most of the peripheral euro-zone economies, excluding Spain, are still struggling to meet their budget deficit targets for this year, suggesting that additional fiscal measures will be needed next... 9th December 2010 · 1 min read
Europe Economics Update Portugal's toughest tests still lie ahead The ECB’s announcement that it would step up its bond purchase programme and extend liquidity provision to the banking sector has eased immediate pressure on Portugal. But the initial positive market... 9th December 2010 · 1 min read
Europe Commercial Property Update German funds: liquidations point to downside risks for property prices For now, the recent poor health of some German open-ended property funds is unlikely to have a meaningful impact on European property investment demand. But the potential for more fund liquidations... 8th December 2010 · 1 min read
Europe Economics Update Irish Budget fails to lift the gloom As anticipated, the first vote on the Irish 2011 Budget was passed by Parliament late last night. But while this reduces the chances of the Government being unable to tap its bail-out facility for... 8th December 2010 · 1 min read
Europe Data Response German Industrial Production & Trade (Oct.) Germany’s impressive industrial recovery continues to support growth in its own economy and in the euro-zone as a whole. But the favourable effects on the region’s peripheral economies are likely to... 8th December 2010 · 1 min read
Global Markets Update Will common euro-zone bond issuance see the light of day? The establishment of a market for euro-zone government bonds that are guaranteed by all Member States is seen by some as an important contribution to a resolution of the region’s fiscal crisis. We are... 7th December 2010 · 1 min read
Europe Economics Weekly ECB actions speak louder than words, but for how long? Any disappointment that the ECB failed last week to commit to a major stepping up of its bond purchases was offset by reports that it had nonetheless bought large amounts of peripheral bonds. But it... 6th December 2010 · 1 min read
